A loan of $1,525 helped to cover the cost of an advance payment on an apartment.


Byambadorj's story

Byambadorj, age 35, has been working as an IT specialist since 2007. He lives with his wife and his three-year-old son in his brother’s house, which is in the ger district (a ger is a Mongolian nomad's yurt, or portable dwelling) in Ulaanbaatar, the capital of Mongolia. Living in a ger is uncomfortable and cold, especially in winter. Byambadorj has always wanted to have his own apartment in the city. Recently he put in an order for an apartment with a construction company, but he needs money to cover the advance payment. This is a very important thing for his family, because they have never lived together in an apartment before. The loan Byambadorj is taking will be used to cover the advance payment for the apartment.



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